Fintech
Petale Group introduces the members of its Strategic Council composed of eminent economists and business leaders
European fintech Petale, which operates innovative financial services from its digital infrastructure and democratises access to new forms of property and wealth management, is strengthening its governance with the formation of a prestigious strategic board.
This non-executive management body advises the group in its strategy to align synergies between traditional finance and decentralised finance using new technologies. It is composed of:
Pr. Christian de Boissieu, Professor Emeritus of Economics at the University of Paris 1 Panthéon-Sorbonne, vice-president of the Circle of Economists, former president of the Economic Analysis Council to the Prime Minister and regulator at the French Financial Markets Authority and former adviser of the World Bank and the European Commission. He provides, among other things, an insight into tokenomics, currency models, financing models, as well as compliance aspects.
Dr Pascal Lorot, Doctor of Economics, founding president of the Choiseul Institute and inventor of the concept of Geo-economics, brings his strategic, diplomatic and geopolitical expertise. His brilliant track record in both the institutional and private sectors, his unique network of young international economic decision-makers and his laureates from the Choiseul Institute rewarded for their innovation and influence, are all major assets to accelerate Petale’s international expansion.
Angélique Gérard, a graduate of INSEAD, is a special advisor to Xavier Niel, Chairman of the ILIAD Group, where she was Director of Free Subscriber Relations for 22 years and Chairperson of 8 subsidiaries, and a member of the Executive Committee of Iliad, of which she is a founding director. She was noticed by the Choiseul Institute, which awarded her first place in the “100 leaders of the French economy under 40” list in 2015, thus succeeding Emmanuel Macron at the top of the list. In 2020, she was ranked among the 40 most inspiring French women by Forbes.
Gwenaelle Avice-Huet, a physics graduate and holding an engineering degree from the Corps des Ponts et Chaussées, is a member of Schneider Electric’s Executive Committee, Executive Director of Strategy and Sustainable Development. She is also a member of the Board of Directors of Air France KLM. Gwenaelle previously spent over 10 years at Engie where she was a member of the executive committee in charge of global renewable energy and Managing Director North America. Gwenaelle brings her engineering and digital skills and her knowledge of the American market.
Florence Tondu-Mélique, Chairman and CEO of Zurich France and a member of the Group’s executive team. A graduate of HEC Paris and Harvard Business School, she began her career at McKinsey & Company before joining AXA Investment Managers and then Hiscox, at the heart of the global insurance market at Lloyd’s of London, where she held various executive roles including Chief Operating Officer for Europe. She is a director of listed and private companies in France and the UK. Florence brings her skills in strategy, risk management, governance and knowledge of the financial services sector.
Kevin Polizzi, Chairman of Unitel Group and founder of Jaguar Networks, one of France’s leading providers of secure data hosting with PCI-DSS banking accreditation, telecom solutions and intelligent services. Kevin brings skills in digital transformation, cybersecurity and data governance.
The members of the strategic board all bring their experience and vision in different areas of development to efficiently cover the high demand for accountability for “entreprises à missions et impact” (French status whereby businesses commit to corporate social responsibility initiatives) and new customer uses.
“With this strategic board, we are consolidating our governance in order to accelerate our development in this new and fast growing market of asset tokenisation. As such, we will continue to create new payment, investment and asset management experiences for our customers,” Babacar N. Seck, Chairman and Founder of Petale Group.
Petale continues to deploy its technologies, automating the investment and wealth management processes. Its value proposition responds to a very open market initiated to new types of digital assets. The group is preparing to open up its financial services via its mobile application to the largest possible number of qualified investors.
As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
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